ESR secures CSRC approval for China logistics REIT

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pemThe initial portfolio includes three logistics assets in Kunshan, Jiangsu Province./em/p pESR Group has secured the approval of the China Securities Regulatory Commission (CSRC) for its application to list its logistics Real Estate Investment Trust (REIT)./p pThe firm expects to raise around RMB 2.

ESR Group has secured the approval of the China Securities Regulatory Commission for its application to list its logistics Real Estate Investment Trust .

It said it already secured cornerstone investors such as unnamed leading financial institutions and securities firms. Collectively known as the “Jiangsu Friend Warehouses”, they have a total GFA of over 426,000 sqm and an average occupancy rate of more than 90% in the past five years. The real estate giant currently manages more than 170 properties worth over US$30.7b in total AUM and span 14.9 million sqm in gross floor area....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

 

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